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Davy Research

Corre Energy

Operational update and NPV upgrades following the new offtake agreement

Jan 23 2023, 07:20 GMT
Colin Grant
Company Report
12 page(s)

Sectors : Energy Transition

Companies : Corre Energy

Ratings and price correct at time of issue.

Corre Energy

Closing Price: 350c
RATING 21/10/21
OUTPERFORM
PREVIOUS RATING N/A

Person's Name

Colin Grant

Analyst

DAVY VIEW

Corre Energy has issued an operational update. The spotlight is turning to its nearer-term projects. This follows the recent positive news of its 15-year offtake agreement on its ZW1 project. We revisit the investment case and materially increase our probability weighted net present value (NPV).

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Jan 23 2023, 07:20 GMT